United Kingdom GDP Annual Growth Rate  1956-2016 | Data | Chart | Calendar

The British economy advanced 2.2 percent year-on-year in the second quarter of 2016, following a 2 percent expansion in the previous period and in line with preliminary figures. Consumer spending and investment accelerated, figures from the second estimate showed. GDP Annual Growth Rate in the United Kingdom averaged 2.46 percent from 1956 until 2016, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -6.10 percent in the first quarter of 2009. GDP Annual Growth Rate in the United Kingdom is reported by the Office for National Statistics.

United Kingdom GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.00 9.80 -6.10 1956 - 2016 percent Quarterly
The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-30 08:30 AM Q1 2% 1.8% 2% 2%
2016-07-27 08:30 AM Q2 2.2% 2% 2.0% 1.9%
2016-08-26 08:30 AM Q2 2.2% 2% 2.2% 2.2%
2016-09-30 08:30 AM Q2 2% 2.2% 2.2%
2016-10-27 08:30 AM Q3 1.2%
2016-11-25 09:30 AM Q3

UK Annual GDP Growth Confirmed at 2.2% in Q2


The British economy advanced 2.2 percent year-on-year in the second quarter of 2016, following a 2 percent expansion in the previous period and in line with preliminary figures. Consumer spending and investment accelerated, figures from the second estimate showed.

On the expenditure side, household spending increased 3 percent, higher than a 2.8 percent rise in the previous period while consumption of non-profit institutions (0.8 percent following 2.2 percent in Q1) and government spending (0.8 percent following 1.9 percent in Q1) slowed. Gross fixed capital formation rose 0.9 percent, up from a 0.7 percent increase in Q1. Exports went up 2.7 percent (2.3 percent in Q1) and imports jumped 5 percent (1.7 percent in Q1). 

On a quarterly basis, the economy advanced 0.6 percent , better than a 0.4 percent expansion in the previous three months and in line with the first reading. 

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
8/26/2016 10:19:35 AM

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.40 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.20 2.00 9.80 -6.10 percent [+]
GDP 2848.76 2990.20 2990.20 72.33 USD Billion [+]
GDP Constant Prices 466944.00 464212.00 466944.00 107263.00 GBP Million [+]
Gross National Product 459327.00 454597.00 461825.00 4748.00 GBP Million [+]
Gross Fixed Capital Formation 78159.00 77059.00 80420.00 13405.00 GBP Million [+]
GDP per capita 40933.46 40326.82 40933.46 13868.61 USD [+]
GDP per capita PPP 38657.79 38084.87 38657.79 26202.27 USD [+]
GDP From Agriculture 3179.00 3212.00 3267.00 2350.00 GBP Million [+]
GDP From Construction 25417.00 25529.00 26013.00 20035.00 GBP Million [+]
GDP From Manufacturing 41461.00 40715.00 43548.00 37451.00 GBP Million [+]
GDP From Mining 7530.00 7428.00 16722.00 6493.00 GBP Million [+]
GDP From Public Administration 18979.00 19054.00 22274.00 18888.00 GBP Million [+]
GDP From Services 330909.00 329369.00 330909.00 171542.00 GBP Million [+]
GDP From Transport 17844.00 17818.00 18739.00 9402.00 GBP Million [+]




Last
Ethiopia 9.60 Dec/15
Ivory Coast 9.40 Mar/16
Papua New Guinea 9.00 Dec/15
Palestine 8.00 Mar/16
India 7.90 Mar/16
Uzbekistan 7.80 Jun/16
Congo 7.70 Dec/15
Rwanda 7.30 Mar/16
Monaco 7.20 Dec/14
Bangladesh 7.05 Dec/16
Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Philippines 7.00 Jun/16
Cambodia 6.90 Dec/15
China 6.70 Jun/16
Djibouti 6.70 Dec/15
Tajikistan 6.50 Mar/16
Turkmenistan 6.50 Dec/15
Senegal 6.40 Mar/16
Dominican Republic 6.10 Mar/16
Burkina Faso 6.00 Mar/16
Romania 6.00 Jun/16
Kenya 5.90 Mar/16
Cape Verde 5.80 Mar/16
Togo 5.80 Mar/16
Benin 5.70 Mar/16
Chad 5.60 Dec/15
Vietnam 5.55 Jun/16
Bhutan 5.50 Dec/15
Sri Lanka 5.50 Mar/16
Tanzania 5.50 Mar/16
Mali 5.40 Mar/16
Sao Tome and Principe 5.30 Dec/15
Malta 5.20 Mar/16
Indonesia 5.18 Jun/16
Zambia 5.00 Dec/15
Bolivia 4.95 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Mar/16
Guinea Bissau 4.90 Mar/16
Niger 4.90 Dec/15
Sudan 4.90 Dec/15
Costa Rica 4.80 Mar/16
Turkey 4.80 Mar/16
Gambia 4.70 Dec/15
Panama 4.60 Mar/16
Bahrain 4.50 Mar/16
Armenia 4.40 Mar/16
Luxembourg 4.40 Mar/16
Cuba 4.30 Dec/15
East Timor 4.30 Dec/15
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Fiji 4.20 Dec/15
Gabon 4.20 Dec/15
Iceland 4.20 Mar/16
Nicaragua 4.10 Mar/16
Malaysia 4.00 Jun/16
Algeria 3.90 Dec/15
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Kosovo 3.80 Mar/16
Mauritius 3.70 Mar/16
Mozambique 3.70 Jun/16
Peru 3.70 Jun/16
Slovakia 3.70 Jun/16
Brunei 3.60 Mar/16
Honduras 3.60 Dec/15
Namibia 3.50 Mar/16
Thailand 3.50 Jun/16
Lesotho 3.40 Dec/15
Comoros 3.20 Dec/15
South Korea 3.20 Jun/16
Spain 3.20 Jun/16
Australia 3.10 Mar/16
Germany 3.10 Jun/16
Mauritania 3.10 Dec/15
Poland 3.10 Jun/16
Sweden 3.10 Jun/16
Albania 3.00 Mar/16
Bulgaria 3.00 Jun/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Israel 2.90 Jun/16
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Botswana 2.80 Mar/16
Guatemala 2.80 Mar/16
New Zealand 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Jun/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Hungary 2.60 Jun/16
Somalia 2.60 Dec/14
Czech Republic 2.50 Jun/16
Mexico 2.50 Jun/16
Slovenia 2.50 Mar/16
Iraq 2.40 Dec/15
Ireland 2.30 Mar/16
Jordan 2.30 Mar/16
Netherlands 2.30 Jun/16
United Kingdom 2.20 Jun/16
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Mar/16
Latvia 2.10 Jun/16
Singapore 2.10 Jun/16
Cayman Islands 2.00 Dec/15
Colombia 2.00 Jun/16
Macedonia 2.00 Mar/16
Lithuania 1.90 Jun/16
European Union 1.80 Jun/16
Kuwait 1.80 Dec/15
Serbia 1.80 Jun/16
Haiti 1.70 Dec/15
Hong Kong 1.70 Jun/16
Swaziland 1.70 Dec/15
Euro Area 1.60 Jun/16
Chile 1.50 Jun/16
Paraguay 1.50 Mar/16
Saudi Arabia 1.50 Mar/16
Suriname 1.50 Dec/15
Zimbabwe 1.50 Dec/15
Belgium 1.40 Jun/16
France 1.40 Jun/16
Mongolia 1.40 Jun/16
Morocco 1.40 Jun/16
Tunisia 1.40 Jun/16
Finland 1.30 Jun/16
New Caledonia 1.30 Dec/14
Ukraine 1.30 Jun/16
Austria 1.20 Jun/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
United States 1.20 Jun/16
Canada 1.10 Mar/16
Montenegro 1.10 Mar/16
Qatar 1.10 Mar/16
Lebanon 1.00 Dec/15
Barbados 0.90 Dec/15
Jamaica 0.80 Mar/16
Moldova 0.80 Mar/16
Portugal 0.80 Jun/16
Nepal 0.77 Dec/15
Italy 0.70 Jun/16
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Taiwan 0.70 Jun/16
Estonia 0.60 Jun/16
Iran 0.60 Mar/15
Argentina 0.49 Mar/16
Denmark 0.30 Mar/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Kazakhstan 0.10 Jun/16
South Africa -0.20 Mar/16
Greece -0.40 Jun/16
Nigeria -0.40 Mar/16
Uruguay -0.50 Mar/16
Puerto Rico -0.60 Dec/15
Russia -0.60 Jun/16
Liechtenstein -0.80 Dec/14
North Korea -1.10 Dec/15
Uganda -1.30 Mar/16
Belize -1.96 Mar/16
Kyrgyzstan -2.30 Jun/16
Syria -2.30 Dec/11
Trinidad and Tobago -2.30 Dec/15
Ecuador -3.00 Mar/16
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Burundi -4.10 Dec/15
South Sudan -5.30 Dec/15
Brazil -5.40 Mar/16
Libya -6.00 Dec/15
Macau -7.10 Jun/16
Venezuela -7.10 Sep/15
Equatorial Guinea -10.60 Dec/15
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15